CBIZ to acquire accounting firm Marcum in $2.3 billion deal

(Reuters) -Financial services and insurance provider CBIZ said on Wednesday it would buy Marcum, one of the biggest accounting services provider in the United States, in a $2.3 billion deal.

Marcum, founded in 1951 and based in New York, provides tax, attestation, accounting and advisory services.

Its attestation business — which reviews companies’ financial forecasts and other information — would be bought by Mayer Hoffman McCann, a separate accounting firm.

The deal is expected to close in the fourth quarter of this year, CBIZ said.

(Reporting by Niket Nishant in Bengaluru; Editing by Savio D’Souza and Shilpi Majumdar)